Thursday, July 28, 2011

Market Daily -- 28th Jul 11

9. SMRT Corp Target Cut To S$1.75 Vs S$2.05 By Citigroup

8. SMRT Downgraded To Sell, Target Cut To S$1.67 Vs S$1.81 By UOBKH

7. Suntec Real Estate Investment Trust Seeks To Price S$100M Bond To Yield Around 3.25% - Term Sheet
Suntec Real Estate Investment Trust Seeks To Price 5-Year Bond Today - Term Sheet
Citigroup, Standard Chartered Are Leads On Planned Suntec Real Estate Bond - Term Sheet 

6. Genting Hong Kong Initiated At Buy With US$0.48 Target By RBS

5. Tiger Airways: Australia Federal Court Proceedings Adjourned To Aug 1
 Tiger Airways: Court Proceedings Originally To Be Held Thursday
 Tiger Airways: Australia Operations Remain Suspended Until Aug 1

4. City Developments: Unit Buys China Mixed-Use Land Site For CNY886 Mln

3. DBS Group 2Q Net Profit S$735M Vs S$300M Loss; Expected S$718.3M
 DBS Group 2Q Net Interest Income S$1.20B Vs S$1.07B
 DBS Group: 2Q Noninterest Income S$639M Vs S$748M
 DBS Group: 2Q Net Interest Margin 1.80% Vs 1.80% In 1Q
 DBS Group: Nonperforming Loan Ratio 1.5% At June Vs 1.8% March
 DBS Group: 2Q Allowances For Credit, Other Losses S$137M VS S$204M
 DBS Group CEO: Will Remain Focused In Increasingly Uncertain Economic Environment
 DBS Group: Expect Some Slowdown, Interest Rate Headwinds To Remain
 DBS Group: 2Q China Trade Finance Loan Growth Unlikely To Be Repeated

2. Mapletree Industrial Trust: Prices Private Placement At S$1.09/Unit
 Mapletree Industrial Trust: Prices Preferential Offering At S$1.06/Unit

1. The Dow Jones industrial average .DJI was down 198.75 points, or 1.59 percent, at 12,302.55. The Standard & Poor's 500 Index was down 27.05 points, or 2.03 percent, at 1,304.89, and had its worst daily percentage decline since June 1. The Nasdaq Composite Index .IXIC was down 75.17 points, or 2.65 percent, at 2,764.79